The prime rate was 3.25% from Jan 2009 through Dec 2015.
That’s nearly 83 months of at or near zero interest rates for Obama and look what he did with it.
Do interest rates need to go up? I suppose, but the question to be asked is why? The standard answer is to raise them to throttle the economy. Why...to slow it to prevent it from becoming overheated leading to a recession.
Is the economy overheating?
I don’t think so.
We need to be able to retire some of the debt incurred by the Obama regime. The country needs to recover and then we can raise interest rates. Let them rebuild our manufacturing, let people invest in the future of America.
For 8 years the Fed propped up the 0bama regime to the time of $85 Billion a month. Now Trump has to repay that loan. WTF?
No hikes in 8 years and 8 hikes in less then 2 years under Trump. They are helping wall street who is not America’s friend but only help themselves no matter who else is negatively affected.